The Best Online Savings Accounts of 2014, Ranked by Creditnet.com
May 16, 2014 - NEW YORK, NY
Online savings accounts can help consumers save and earn more money at the same time. These high yield savings accounts often offer industry-leading interest rates, have fewer fees, and require little maintenance. Creditnet editor Alice Bryant suggests: "Consumers should take advantage of high yield online savings accounts. If you have money saved, take it out of your checking account (where it does nothing but sit). Transfer it to a high yield online savings account, and you'll get a lot more cash to add to your pocket."
Today, Creditnet.com, a leading expert on credit and banking, announced the best online savings accounts of 2014. Creditnet experts weighed interest rates, fees, minimum deposits, customer service, personal reviews, and expert opinions. According to their findings, these are the best online savings accounts available today:
GE Capital Bank offers a 0.90% APY, and there is no minimum deposit required to open an account. There are no transaction fees, and interest is compounded daily, paid monthly. This savings account is FDIC Insured, and applicants can open an account in 10 minutes or less. Consumers can transfer funds through electronic transfers, wire transfers, or depositing by check.
With CIT Bank, members get up to 0.95% APY. There is a minimum deposit of only $100, and deposits are FDIC insured up to the maximum allowed by the law. There are no account opening or monthly maintenance fees, and daily compounding maximizes members' earning potentials. They can also manage account and view statements online.
Ally Bank offers a 0.87% APY with no minimum deposit to open and no monthly maintenance fees. Deposits are insured by the FDIC up to the maximum allowed by law, and members can deposit checks remotely with Ally eCheck Deposit. Interest is compounded daily, and applicants can open an account as early as today.
With EverBank, there is a 0.86% APY. In addition, there is an intro APY of 1.10% for the first 6 months. This bank requires a $1500 minimum opening balance, and members receive free online & mobile banking. They also receive free check deposits, as well as access to a live EverBank specialist 24/7.
These are the best online savings accounts available for consumers today. These accounts will help consumers save their money for the future, while accruing interest fast. Using one of these online savings accounts insures that members will earn a lot on the money they put away. For more information regarding online savings accounts, or other banking and credit tools, access Creditnet's innovative comparison tools: http://www.creditnet.com/banking/online-savings
Creditnet is an authority credit card comparison site that offers innovative comparison tools to help users find the best credit card for their needs. In addition, the Creditnet Credit Talk Forum is a community of over 100,000 members that discuss credit cards, credit, debt, and credit repair daily.
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